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Ossur hf Acquires TeamOlmed in Sweden


Tuesday, 21 May 2013 03:00am EDT 

Ossur hf announced that the Company has signed an agreement to acquire 100% of the shares of TeamOlmed, a Swedish orthotic and prosthetic (O&P) provider, for SEK 310 million (USD 47 million). Additional payments of up to SEK 50 million (USD 7 million) depend on TeamOlmed meeting certain revenue and profitability targets in 2013 and 2014. 

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